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Private equity firm founder arrested


The founder of a New York private equity firm was indicted Monday for allegedly stealing $9.3m from investors and spending it on jewelry, a luxury car and rent, according to Manhattan prosecutors.

Ex-BofA exec pleads guilty

Bank Of America Building

Former Bank of America executive Phillip D. Murphy pleaded guilty to conspiring to defraud bond investors and the U.S. government through a bid-rigging scheme, prosecutors said.



For hire hiring

People News: Citigroup, Exotix

Anil Prasad, the former global head of foreign exchange and local markets at Citigroup, and his business partner Farhang Mehregani will start operating their own hedge fund in January after clearing regulatory hurdles in the U.K.